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Elasticity Suppose the weekly demand function for a product is given by p = 100e-0.1q where p is the price in dollars and q is the number of tons demanded. (a) What is the elasticity of demand when the price

Elasticity Suppose the weekly demand function for a product is given by
p = 100e-0.1q
where p is the price in dollars and q is the number of tons demanded.
(a) What is the elasticity of demand when the price is $36.79 and the quantity demanded is 10?
(b) How will a price increase affect total revenue?

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Mathematical Applications for the Management Life and Social Sciences

Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Posted Date: February 09, 2018 07:11:26
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